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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Tyvola Rd Charlotte, NC 28217-3504

    • Outlet malls
    • 148,136 SF
    • 21.06 lot acres
    OFF-MARKET
    Value Estimations
    $380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0479874
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Costco Tire Center / Tire Shop
    • Costco Pharmacy / Pharmacy
    • Costco Food Court / Food Court / Takeout Restaurant
    • Costco Hearing Aids Center / Hearing Aid Store
    • Costco Optical Department / Optician

    Property Details for 500 Tyvola Rd

    Year built
    2001
    Lot size
    21.06 lot acres
    Property size
    148,136 SF
    Zone code
    I-2(CD)
    Property type
    Outlet malls
    APN
    16914112
    APU
    16914112

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8848
    Latitude
    35.162
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $120,801
    $10,052,700
    $6,416,400
    $16,469,100
    -
    $10,052,700
    $6,416,400
    $16,469,100

    Comparable in this City

    • Value Estimation
      $840,000
      80,196 SF

      4750 Ss Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 80,196 SF
      4750 Ss Blvd, Charlotte, NC 28217-2162
      View Details
    • Value Estimation
      $500,000
      13,205 SF

      4835 Tryon St

      SHOPPING CENTER, STRIP CENTER • 13,205 SF
      4835 Tryon St, Charlotte, NC 28217-2403
      View Details
    • Value Estimation
      $2,675,000
      7,954 SF

      4801 Ss Blvd

      SHOPPING CENTER, STRIP CENTER • 7,954 SF
      4801 Ss Blvd, Charlotte, NC 28217-2164
      View Details
    • Value Estimation
      $1,180,000
      186,772 SF

      5331 Ss Blvd

      SHOPPING CENTER, STRIP CENTER • 186,772 SF
      5331 Ss Blvd, Charlotte, NC 28217-4117
      View Details
    • Value Estimation
      $415,000
      10,248 SF

      4548 Old Pineville Rd

      SHOPPING CENTER, STRIP CENTER • 10,248 SF
      4548 Old Pineville Rd, Charlotte, NC 28217-1818
      View Details
    • Value Estimation
      $1,295,000
      9,600 SF

      5102 Ss Blvd

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      5102 Ss Blvd, Charlotte, NC 28217-2708
      View Details

    Similar Nearby for Sale

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      Seneca Square Retail Opportunity

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      Move-in Ready LOSO Office Building

      Stand-alone office building in a rapidly growing area.
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      Shopton Road Commercial Land Available

      Commercial land for sale with convenient access to major highways.
      4704 Shopton Rd, Charlotte, NC 28217
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    • $3,000,000
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      Prime Land in Charlotte, NC

      High-visibility land with development potential near I-485 and retail.
      8151 Steele Creek Rd, Charlotte, NC 28217
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    • $2,800,000
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      Charlotte Office Building - 9 Acres

      Prime Charlotte location, high development potential.
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    Similar Nearby for Lease

    • $32 SF/Yr
      1,769 SF

      Prime Retail Space on Woodlawn

      1769 sq ft retail space in trendy LOSO area.
      301-303 E Woodlawn Rd, Charlotte, NC 28217
      View Details
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      2,400 SF

      Retail Space in Seneca Square

      Retail space in a high-traffic Charlotte shopping center.
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    • Contact for pricing
      4,000 SF

      Equipped Commercial Kitchen Space Available

      4,000 SF commercial kitchen space for rent.
      605 Phillip Davis Dr, Charlotte, NC 28217
      View Details
    • $19 SF/Yr
      4,800 SF

      Retail Space Near Passenger Rail

      Retail space with drive-in doors, near passenger rail.
      5102-5104 South Blvd, Charlotte, NC 28217
      View Details
    • Contact for pricing
      5,600 SF

      Nations Crossing Road Office Space

      5,600 SF Office Space for Lease
      4516 Nations Crossing Rd, Charlotte, NC 28217
      View Details
    • $38 SF/Yr
      8,390 SF

      City Park Retail Space Available

      Modern Office/Retail Space in Charlotte
      3335 Potomac Riv Pkwy, Charlotte, NC 28217
      View Details

    Property Visit Statistics

    • Visits by month
      198.2k
    • Visitors by month
      126.1k
    • Avg Time on site
      42 min
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    500 Tyvola Rd
    Charlotte, NC 28217-3504
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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